VIRGINIA RETIREMENT SYSTEMS ET Al Invests $6.56 Million in Invitation Home $INVH

Key Points

• Virginia Retirement Systems purchased 217,099 shares of Invitation Home worth approximately $6.56 million in the second quarter. Institutional investors collectively own 96.79% of the company, with several major firms also adding or initiating positions.
• Analyst sentiment is mixed but leans positive: Invitation Home has a consensus “Hold” rating and an average price target of $32.53, with ratings from 10 Buys, 10 Holds, and one Sell.
• Invitation Home exceeded quarterly expectations, reporting $0.51 in earnings per share and $747.55 million in revenue, up 9.7% year over year. The company also pays a quarterly dividend of $0.30 per share, representing a 4.3% annualized yield.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Invitation Home (NYSE:INVH - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 217,099 shares of the company's stock, valued at approximately $6,559,000.

Other large investors also recently bought and sold shares of the company. Jupiter Topco LLC bought a new stake in Invitation Home during the 2nd quarter valued at $4,243,000. Legal & General Group Plc grew its position in shares of Invitation Home by 6.6% during the 4th quarter. Legal & General Group Plc now owns 5,735,955 shares of the company's stock worth $159,402,000 after buying an additional 355,825 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Invitation Home by 4.6% in the first quarter. Bank of America Corp DE now owns 2,956,870 shares of the company's stock valued at $73,478,000 after acquiring an additional 129,202 shares in the last quarter. Algebris UK Ltd. bought a new stake in shares of Invitation Home in the fourth quarter valued at about $15,370,000. Finally, BlackRock Inc. purchased a new stake in Invitation Home in the second quarter worth about $1,866,973,000. Hedge funds and other institutional investors own 96.79% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on INVH. UBS Group raised their target price on shares of Invitation Home from $32.00 to $35.00 and gave the company a "buy" rating in a research report on Wednesday, July 8th. Cfra cut shares of Invitation Home from a "hold" rating to a "sell" rating and lowered their price target for the stock from $29.00 to $27.00 in a research report on Wednesday, May 27th. BMO Capital Markets increased their price objective on shares of Invitation Home from $32.00 to $35.00 and gave the company a "market perform" rating in a research note on Monday, June 15th. Keefe, Bruyette & Woods boosted their price objective on shares of Invitation Home from $29.00 to $31.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 5th. Finally, Raymond James Financial upgraded Invitation Home from a "market perform" rating to an "outperform" rating and set a $32.00 target price for the company in a report on Monday, May 18th. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $32.53.

Invitation Home Price Performance

Shares of NYSE INVH opened at $28.23 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.02 and a current ratio of 0.02. The company has a market cap of $16.67 billion, a PE ratio of 25.90, a P/E/G ratio of 4.05 and a beta of 0.83. The business has a 50-day simple moving average of $29.81 and a two-hundred day simple moving average of $28.23. Invitation Home has a fifty-two week low of $24.25 and a fifty-two week high of $30.89.

Invitation Home (NYSE:INVH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.34. Invitation Home had a return on equity of 7.22% and a net margin of 23.13%.The business had revenue of $747.55 million for the quarter, compared to analyst estimates of $731.13 million. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The company's revenue was up 9.7% on a year-over-year basis. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. As a group, equities analysts expect that Invitation Home will post 1.89 EPS for the current fiscal year.

Invitation Home Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, June 25th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Thursday, June 25th. Invitation Home's payout ratio is currently 110.09%.

About Invitation Home

Invitation Homes NYSE: INVH is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.

Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.

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